Why is Paragon Finance falling/rising?

As of 06-Nov, Paragon Finance Ltd's stock price is currently at Rs 55.40, reflecting an increase of Rs 1.57, or 2.92%. Today, the stock opened with a gain of 2.15% and reached an intraday high of Rs 56, indicating positive momentum. The stock has outperformed its sector by 3.75% today, despite experiencing high volatility with an intraday range of Rs 6. Additionally, the stock has shown strong performance over the past week and month, with returns of +3.36% and +13.06%, respectively, although it has underperformed on a year-to-date basis with a decline of 18.53%. There is a notable rise in investor participation, with delivery volume increasing significantly, suggesting growing interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.30% over the past week, Paragon Finance's positive performance highlights its relative strength in the market. While the Sensex has shown a modest gain of 1.86% over the past month, Paragon Finance's substantial increase of 13.06% indicates a strong recovery trend. This divergence suggests that investor sentiment towards Paragon Finance is improving, despite its year-to-date underperformance relative to the broader market. Overall, the stock's recent rise can be attributed to positive trading activity and increased investor interest, contrasting with the broader market's challenges.